PayPal Makes Venmo a Standalone Unit as Buyers Circle
PayPal splits Venmo into own unit to boost clarity and value; restructures company, cuts complexity, shares rise on news.
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CVC Weighs €9bn Bid to Take Italy’s Nexi Private
CVC Capital Partners may buy Nexi for €9B, but faces political hurdles and weak business performance.
Starboard Value Takes Aim at Dynatrace: Activist Push for Big Stock Boost
Starboard Value pushes Dynatrace to cut costs and boost buybacks to lift its struggling stock despite strong AI potential.
OpenAI Misses Sales and User Targets, Drags Partner Stocks Down
OpenAI missed growth targets, worrying investors as rivals rise and AI costs stay high, raising doubts about quick profits. Shares of SoftBank, Oracle, and AMD dropped sharply.
Starboard Value Takes Big Stake in Flowserve and Pushes for Higher Profits
Starboard buys big stake in Flowserve, pushes for higher profits as AI boosts power demand; stock rises on growth hopes.
OpenAI’s AI-First Smartphone: The Future of Phones is Coming in 2028
OpenAI is developing an AI-first smartphone with MediaTek, Qualcomm, and Luxshare. The device will replace apps with a smart assistant that handles tasks automatically.